Malaysian palm oil futures traded around MYR 3,780 per tonne, extending gains from the prior session amid strength in rival edible oils. Prospects of lower production because of dry weather and declining inventories also lifted sentiment. Malaysia's palm oil stocks at the end of November fell after growing in the prior 6 months. Capping the bullish traction was a...
FCPO has been on the downside for an extended period, corrected huge.
now we are looking for upside movement.
as one can see RSI is also supportive, it may turn upside anytime soon.
